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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Amendment No. 1
Motor Club of America
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(Name of Issuer)
Common Stock, $.5 par value
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(Title of Class of Securities)
619823107
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(CUSIP Number)
Page 1 of 6 Pages
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- ---------------
CUSIP NO.
619823107
- ---------------
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Goldman, Sachs & Co.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) _____
(b) _____
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or place of Organization
New York
- --------------------------------------------------------------
Number of 5. Sole Voting Power
Shares
Beneficially 0
-----------------------------------------
Owned By 6. Shared Voting Power
Each
Reporting 0
-----------------------------------------
Person With 7. Sole Dispositive Power
0
-----------------------------------------
8. Shared Dispositive Power
0
-----------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
0
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
0.0%
- --------------------------------------------------------------------------------
12. Type of Reporting Person
BD-PN-IA
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Page 2 of 6 Pages
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- ---------------
CUSIP NO.
619823107
- ---------------
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Goldman Sachs Group, L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) _____
(b) _____
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or place of Organization
Delaware
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Number of 5. Sole Voting Power
Shares
Beneficially 0
-----------------------------------------
Owned By 6. Shared Voting Power
Each
Reporting 0
-----------------------------------------
Person With 7. Sole Dispositive Power
0
-----------------------------------------
8. Shared Dispositive Power
0
-----------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
0
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
0.0%
- --------------------------------------------------------------------------------
12. Type of Reporting Person
HC-PN
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Page 3 of 6 Pages
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Item 1(a). Name of Issuer:
Motor Club of America
Item 1(b). Address of Issuer's Principal Executive Offices:
95 Route 17 South
Paramus, NJ 07653
Item 2(a). Name of Persons Filing:
Goldman, Sachs & Co. and The Goldman Sachs Group, L.P.
Item 2(b). Address of Principal Business Office or, if None, Residence:
85 Broad Street
New York, NY 10004
Item 2(c). Citizenship:
Goldman, Sachs & Co. - New York
The Goldman Sachs Group, L.P. - Delaware
Item 2(d). Title and Class of Securities:
Common Stock, $.5 par value
Item 2(e). CUSIP Number:
619823107
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
(a).X Broker or dealer registered under Section 15 of the Act,
Goldman, Sachs & Co.
(b). Bank as defined in Section 3(a)(6) of the Act,
(c). Insurance Company as defined in Section 3(a)(19) of the Act,
(d). Investment Company registered under Section 8 of the Investment
Company Act,
(e).X Investment Adviser registered under Section 203 of the Investment
Advisers Act of 1940,
Goldman, Sachs & Co.
(f). Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974
or Endowment Fund; see 13d-1(b)(1)(ii)(F),
Page 4 of 6 Pages
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(g).X Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G);
see Item 7,
The Goldman Sachs Group, L.P.
(h). Group, in accordance with Rule 13d-1(b)(ii)(H).
Item 4. Ownership.
Not applicable. The percent of the class owned as of December
31, 1997 did not exceed five percent.
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as
of the date hereof the reporting persons have ceased to be
the beneficial owners of more than five percent of the class
of securities, check the following X .
---
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company.
See Exhibit (2) as previously reported.
Item 8. Identification and Classification of Members of the Group.
Not Applicable
Item 9. Notice of Dissolution of Group.
Not Applicable
Item 10. Certification.
By signing below I certify that, to
the best of my knowledge and belief,
the securities referred to above were
acquired in the ordinary course of
business and were not acquired for
the purpose of and do not have the
effect of changing or influencing the
control of the issuer of such
securities and were not acquired in
connection with or as a participant
in any transaction having such
purpose or effect.
Page 5 of 6 Pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true,
complete and correct.
Date: January 10, 1998
THE GOLDMAN SACHS GROUP, L.P.
By: Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
GOLDMAN, SACHS & CO.
By: Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
Page 6 of 6 Pages
